[Group News] CIMC Vehicle Successfully Breaks the Situation Against the Trend in 2022: Net Profit Increases by 24%, Overseas Market Revenue Soars by 70%, Sounding the Horn of the Third Venture
March 28, 2023
March 28，As the world's leading high-end manufacturer of semi-trailers and special Vehicles、The Pioneer of High Quality Development of China's Road Transport Equipment、Explorers and innovators in the field of new energy special Vehicles in China，CIMC Vehicles（301039.SZ/01839.HK）Held the 2022 annual performance conference.。Macroeconomic growth is slowing down.、In the downturn of the special vehicle industry，CIMC vehicles broke the game successfully against the trend，Overseas business is booming，The domestic business is basically stable.，Outperform the market。
Annual report data show，CIMC Vehicle achieves revenue of 236 in 2022.2.1 billion yuan（Unit：RMB，Same as below），Gross profit margin increased by 2% year-on-year.26 percentage points，Net profit attributable to shareholders of the parent company 11.1.8 billion yuan，Up 24% year on year.11%；Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss9.1.6 billion yuan，Year-on-year growth of 43.99%；Total assets and net assets reached 222..1.7 billion yuan and 133.6 billion yuan，Year-on-year growth of 2.00%And 7.86%；Operating net cash flow rose sharply to 11..5.4 billion yuan；Earnings per share amounted to 0..55 yuan。The company sells a total of 15 vehicles worldwide..190,000。At the same time，CIMC also disclosed the profit distribution plan for 2022.，The company intends to distribute a cash dividend of 3 per 10 shares to all shareholders..0 yuan（Tax included）。
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Coordinated development of six major businesses or groups Overseas market revenue rose 70% year-on-year%Facing the overall economic downturn、Special purpose vehicle industry downturn and other challenges，Active practice of CIMC vehicles“Lighthouse Manufacturing Network”Strategy，Integrate superior resources，Break the game against the trend successfully，Coordinated development of six major businesses or groups，Revenue from overseas markets surged by 69.65%。
Look at it in detail，Lighthouse Pioneer BusinessGrasp the development opportunity of the national unified market，Build“LTP+LoM”Lighthouse Manufacturing Network，Improve production efficiency；Promote the structural reform of semi-trailer production organization in China，Actively plan business groups，Accelerate new retail transformation。Achieve revenue of 49 in 2022.8.1 billion yuan，Gross profit margin rebounded 1.11 percentage points；China's Semi-trailer Market Share Continues to Climb to 14.45%，First for four years in a row。North American operationsAspect，By laying out multipleLTPProduction centers andLoMManufacturing plant，Accelerate the release of production capacity，Relying on local manufacturing advantages，Overcome global supply chain shortages and shipping difficulties，Achieve business take-off，The volume and price of the three major products have risen simultaneously.，Record profits，Revenue of 107 in 2022.6 billion yuan，Year-on-year increase of 122.28%，Gross profit margin increased by 6% year-on-year.0 3 percentage point。Among，The profit of refrigerated semi-trailer in North America is also the highest in history.，Substantial increase in revenue 164.05%To 40.0.3 billion yuan，The market share has been increasing；North American Van Semitrailer Revenue Up 60.13%To 31.2.7 billion yuan，Maintain a leading position in the market ranking。European operationsAspect，Energy and Supply Chain Shortage Crisis，Face the difficulties，Built in the United KingdomSouthampton、MansfieldAnd the NetherlandsPijnackerYesLoMManufacturing plant，It's done“Lighthouse Manufacturing Network”Layout，Fully release the production capacity。Revenue of 26 in 2022.2.1 billion yuan，Year-on-year increase of 10.48%。Among，SDCSuccessful transformation，Profits hit a five-year high。Qiangguan Business GroupMake efforts to segment the market，Create lightweight and green new energy products，Actively explore the international market，Achieve revenue of 36 in 2022.3.6 billion yuan，Gross profit margin increased by 0.60 percentage points。The sales volume of its concrete mixer has been the first in China for six consecutive years.，With a market share of 26.32%。Terabyte Business Group-Muck Truck businessActively carry out organizational marketing reform，Deepen cooperation with the main engine factory，Expand the market of wide-body mining vehicles，Set sail for overseas business，With product R & D and innovation“Lighthouse Manufacturing Network”，It occupies a leading position in the dregs vehicle commission reform industry.，Revenue of 8 in 2022.8.1 billion yuan。Terabyte Business Group-City distribution box businessJiangmenLTPProduction center put into operation，Actively adjust the target market and product structure，Reached strategic cooperation with several well-known new energy head car companies，And set up a plurality of prefixes.LoMManufacturing plant，Achieve revenue in 2022 3.6.6 billion yuan。
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Increase the exploration and innovation of new energy Create a new engine for performance growthIn the country“Double Carbon”Strategic objectives and vehicles“The new four modernizations”Driven by the tide，The process of new energy for commercial vehicles in China is accelerating.。CIMC vehicles follow the trend，Increase exploration and innovation in the field of new energy，Create a new engine for performance growth。
2022，Qiangguan Business Group Launches More Than 10 Types of Rechargeable and Exchangeable Concrete Mixers，Sales of new energy Concrete Mixers increased significantly by 500.0%。Terabyte Business Group-The market share of new energy muck Trucks in the muck Truck business climbed to 37 percent.2%。Terabyte Business Group-Urban distribution van business seizes the incremental opportunities of new energy products，Achieve sales of new energy products 18.83%The growth of，TerabyteKGHydrogen energy Refrigerated Truck gains“The first hydrogen energy Refrigerated Truck in 2022”Honor。
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Sound the trumpet of the third venture Promoting high-quality development
Look to the future，China's economy has entered a new stage of development.，CIMC vehicles plan according to the situation，Sound the clarion call for the third venture；Adopt new development concept，Continuous construction“Lighthouse Manufacturing Network”，Innovation-driven Connotative Growth；Construct a new development pattern，Broaden the scope of business，Accelerate the exploration of new energy innovation；Break supply constraints and blockages，Promoting high-quality development。
At present, CIMC has built 25 vehicles in the world.“Lighthouse”Factory，Construction will be deepened in the future“Lighthouse Manufacturing Network”，Leverage high-end manufacturing lines and capacity，Realize the complementary advantages of the six major businesses or groups、Efficient collaboration。
Lighthouse Pioneer business will adopt the structural reform of domestic semi-trailer business production organization.，Start up“Star Chain Project”，Push“Good head, good hanging.”Business development，Achieve market share and profit improvement；North American operations will consolidate and expand the local market，Improve production efficiency，Open up the growth space of new energy products，Increase market share；European operations will optimize manufacturing processes，Improve the supply of key components，Explore new products and busin；Qiangguan Business Group will promote“A good head with a good pot”Business development，Become a global leader in tank logistics equipment；Terabyte Business Group-The muck truck business will be promoted“A good horse with a good saddle.”Business，Expand the segment market share of muck truck products，And do a good job in the future iteration plan of new energy products.。Terabyte Business Group-City distribution box business will enhance the cold box、Market share of dry box，Accelerate the upgrading pace of green transformation，Build Smart City Distribution and Transportation Solution。
2023 is“Fourteen five”Planning is the key year of connecting the preceding and the following.，CIMC vehicles will work hard、The third pioneering spirit of overcoming difficulties，Stick to the green hills and don't relax。It's a long way，The line is coming.；Things are difficult，Do and you will succeed.。
